Pepe, the popular frog-themed memecoin, has experienced a 4% decline in the past 24 hours as trading activity in the memecoin sector cooled. The broader memecoin market saw a 3% drop, significantly underperforming the overall market, which lost just 0.1% according to the CoinDesk 20 index. Despite this, whale accumulation continues with the top 100 PEPE addresses increasing their holdings by 1.5% in the last month. Technical analysis reveals PEPE traded within a tight range, closing at $0.0000118 under selling pressure, and may face further declines unless it breaks above the $0.000012 resistance.
